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Corporate bylaws are essential rules that govern an organization or corporation's operations, typically written and signed by the board of directors as outlined in the articles of incorporation. Required in 31 states, corporate bylaws should include the organization's name, board member names, stock certificates, voting rights, committees, and quorum determination, which is the minimum number of members needed to hold a meeting—often a majority. To create bylaws, gather the original incorporating individuals to choose the organization's leaders, with a majority typically required for decisions. The video also discusses types of organizations and how to obtain an official fillable template for creating bylaws.